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DBS to make second cut on Multiplier account rates this year

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Published Wed, Jul 1, 2020 · 09:50 PM

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    Singapore

    AMID weaker interest rates and an inflow of resident deposits due to macro uncertainties, Singapore's largest lender DBS will again this year cut rates on its flagship deposit account from Aug 1.

    This comes two months after a set of rate revisions for the Multiplier account that took effect on May 1.

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    DBSSingapore banksInterest rates

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